Tuesday, a simple day with not many surprises. The morning's short position at 95,000 basically reached the target location in the evening. I took profits in batches during the ten rounds, with Bitcoin up over 1,500 points and Ethereum having already locked in 44 points of space. Afterward, the price rebounded and corrected again. I entered a second short position around the 94,600 line, which I am still holding onto. Although the layout is not extensive, it feels as easy as reaching into a pocket to grab something. I've repeatedly emphasized following the trend to do right-sided trading, which carries very little risk. Holding onto it is merely a matter of time and spatial size.
In the past few trading days, Bitcoin has been maintaining a weak oscillating downward rhythm. There has been no strong performance in the short term either, with little space or strength for a rebound correction. Since the short position from 97,800 last Friday night, I have adhered to the bearish rhythm, fundamentally continuing the short position without significant changes, which is about following the trend. The power of the trend is never in doubt. From the current technical pattern, although the evening bearish continuation is not very strong and does not provide a dramatic decline, the lows are gradually refreshing. The short-term rebound also lacks the conditions to stop the decline and recover, maintaining a weak rhythm. Further downward movement is just a matter of time; hence, the main idea is to maintain a high short position, albeit with a slower rhythm and strength. Patience is required to trade time for space, adhering to the principle of 'no pain, no gain', referencing previous resistance areas before breaking high. Just continue to short!
On Tuesday midnight, Bitcoin continues to reference the 95,000-95,500 area as resistance to short on highs, while the lower focus is on the 92,800-93,300 region. If broken, continue to look down to the 91,600 line. For Ethereum, the evening ultimately provided a pullback reaching the 1,750 line. Although the strength is not very significant, there is still a bearish pattern. Currently, the rebound strength is also not strong, and I will continue to look for a bearish downward trend in the short term. The upper focus remains on the 1,800 line; if it cannot stabilize, continue to short. The lower focus is on the 1,700-1,730 area.
I am not a fortune teller on the bridge, so I can't spout what you love to hear. I can only provide real-time analysis based on market signals. The ideas of recent weeks have mostly been corroborated, and whether you believe it or not depends on the individual. Those who believe have already reaped the benefits; those who are half-believing are still watching; as for those who do not believe, they can only see it their own way!